Global Concrete Contractor Market Size By Type (Lightweight Cellular Concrete, Heavyweight Concrete), By Application (Residential, Commercial), By Geography And Forecast
Report ID: 69649|No. of Pages: 202
Global Concrete Contractor Market Size By Type (Lightweight Cellular Concrete, Heavyweight Concrete), By Application (Residential, Commercial), By Geography And Forecast
Concrete Contractor Market Size And Forecast
Concrete Contractor Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.
The market has been growing in accordance with the advancing degree of urbanization, industrialization, and infrastructural developments. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, and modern building techniques is creating growth opportunities for the concrete contractor market. The increasing disposable income of people in developing countries and the changing preferences of construction methods are increasing the reliance on modern construction techniques, which drive the market growth globally. The Global Concrete Contractor Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Concrete Contractor Market Definition
Concrete is one of the most important contemporary civil engineering materials. It is made of gelling materials, granular aggregates (also called aggregates), water, and if necessary, admixtures, a kind of artificial stone. Concrete has the characteristics of abundant raw materials, low prices, and simple production technology, so its amount is increasing. At the same time, concrete has the characteristics of high compressive strength, good durability, and a wide range of strength grades. These characteristics make it widely used, not only in various civil engineering but also in shipbuilding, machinery industry, marine development, geothermal engineering, etc. Concrete is also an important material.
Concrete construction offers significantly reduced construction time. Reduction in time also results in a reduction of human labor, which leads to cost savings. Concrete construction allows parts of an entire building to be made even before the completion of the foundation for the same. Modular constructions take only four to eight weeks to be completed and assembled, while the conventional on-site constructed buildings require twice the time for construction of a similar-sized structure. Improved quality and productivity, shortened construction time, and reduced waste generation makes this type of construction method cheaper, which makes it a preferable choice for end-users.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=69649
Global Concrete Contractor Market Overview
The rising prominence of offsite construction to reduce material wastage and increase efficiency is anticipated to drive the growth. Rapid industrialization and urbanization in emerging economies focus on the development of high-quality infrastructure around the world, and emphasis on green building projects are the major factors driving the market. In addition, the availability of low-cost raw materials and strong demand from consumer and domestic industries are expected to aid the growth.
The rising popularity of construction is anticipated to generate high demand for cement, which in turn, is likely to result in extensive mining activities causing environmental issues in many countries. The presence of a large number of suppliers and regional players results in low switching costs. Factors, such as product differentiation and technological innovation are anticipated to assist suppliers to gain an advantage in the increasingly competitive market. However, the cost of switching concrete product suppliers is anticipated to be below.
Significant investment in infrastructure and real estate development is offering lucrative market opportunities for concrete. The emphasis on infrastructure and residential needs, particularly in emerging nations has resulted in a considerable flow of private and government investment in these sectors.
Cement and aggregates are the primary raw materials used for the production of concrete. Hence, fluctuations there are expected to have a negative impact on product prices. However, increasing the use of concrete additives to strengthen the durability of the structure is projected to benefit the product demand. Furthermore, stringent government regulations and policies are expected to hamper the production of cement on large scale, which may adversely affect the market in near future.
Global Concrete Contractor Market: Segmentation Analysis
The Global Concrete Contractor Market is segmented based on Type, Application, and Geography.
Concrete Contractor Market, By Type
• Lightweight Cellular Concrete
• Heavyweight Concrete
• Others
Based on Type, the market is bifurcated into Lightweight Cellular Concrete, Heavyweight Concrete, and Others.
Concrete Contractor Market, By Application
• Residential
• Commercial
Based on Application, the market is bifurcated into Residential, Commercial. Residential construction dominated the global concrete contractor market in 2019 and is expected to expand at a significant CAGR over the forecast period. The growth can be attributed to the rising disposable income and revival of housing construction. In addition, a rise in government initiatives for affordable housing is predicted to aid the product demand over the forecast period.
Concrete Contractor Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Concrete Contractor Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The market in the Asia Pacific is expected to witness the fastest CAGR over the projected period, on account of rising urbanization, resulting in increased investments in transport systems, ports, roadways, and mega-factories. Rapidly developing economies, along with an expansion of industrial construction is expected to drive the demand for concrete. Increased construction activity in Europe on account of low mortgage rates is expected to propel the demand for concrete. The rapidly growing construction industry in developed economies in North America coupled with rising demand for sustainable and advanced construction practices are anticipated to drive the product demand. The rapid commercial growth of the region is likely to open new avenues for various industries to expand markets.
Key Players
The “Global Concrete Contractor Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Contract Applicators Inc., Hennigan Engineering Co., Inc., Base Construction, Inc., Marshall Industrial Technologies, Four Square Industrial Constructors, CRM Construction, Inc., Turner Group Construction, Blakeland, LLC, First Davis Corp., and Acadiane’ Renovations and Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations, and Agreements
• In February 2021, Skanska received a USD 334.6-million contract from Kanta-Hame Hospital District to build a new hospital in Hameenlinna, Finland.
Mergers and Acquisitions
• In January 2021, Lafarge Holcim got into a deal to acquire Firestone Building Products from Bridgestone Americas for USD 3.4 billion.
Product Launches and Product Expansions
• In December 2020, CEMEX launched Vertua, its brand of low carbon ready-mix concrete, in the US after the introduction in Mexico and Europe. The range consists of Vertua Classic, Vertua Plus, and Vertua Ultra.
• In March 2020, Abumet Nigeria Limited, a subsidiary of Julius Berger Nigeria Plc, began a cutting-edge IGU production line in Abuja, Nigeria. The company’s position in the Middle East and Africa has grown with the addition of this new location.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Key Companies Profiled | Contract Applicators Inc., Hennigan Engineering Co., Inc., Base Construction, Inc., Marshall Industrial Technologies, Four Square Industrial Constructors, CRM Construction, Inc. |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL CONCRETE CONTRACTOR MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL CONCRETE CONTRACTOR MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL CONCRETE CONTRACTOR MARKET, BY TYPE
5.1 Overview
5.2 Lightweight Cellular Concrete
5.3 Heavyweight Concrete
5.4 Others
6 GLOBAL CONCRETE CONTRACTOR MARKET, BY APPLICATION
6.1 Overview
6.2 Residential
6.3 Commercial
7 GLOBAL CONCRETE CONTRACTOR MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East
8 GLOBAL CONCRETE CONTRACTOR MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Contract Applicators Inc.
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Hennigan Engineering Co., Inc.
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Base Construction, Inc.
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Marshall Industrial Technologies
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Four Square Industrial Constructors
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 CRM Construction, Inc.
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Turner Group Construction
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Blakeland, LLC
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 First Davis Corp.
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Acadiane’ Renovations and Ltd
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
